IRL: CHAMPCAR/CART: IRL press release 95-11-19

For Immediate Release
IMS, IRL STATEMENT REGARDING CART EVENT ON MAY 26, 1996
The following response is issued for general use and should be attributed
to Tony George, President, Indianapolis Motor Speedway. It is intended as
the...

For Immediate Release

IMS, IRL STATEMENT REGARDING CART EVENT ON MAY 26, 1996

The following response is issued for general use and should be attributed
to Tony George, President, Indianapolis Motor Speedway. It is intended as
the Indianapolis Motor Speedway's and Indy Racing League's only statement on
this situation until after the holidays.

"The Indianapolis Motor Speedway and the Indy Racing League (IRL) are aware
of the announcement Monday, Dec. 18, 1995, in Chicago by Championship Auto
Racing Teams.

"In response, we can only say we are disappointed by the action because of
its negative impact on automobile racing in North America. CART's action
could diminish the opportunities for some drivers and teams to compete in
the greatest motorsports event in the world, the Indianapolis 500.

"However, it does not change or influence any of the plans for the 1996
Indianapolis 500 or the launching of the Indy Racing League, the series of
oval track races which is designed to provide growth and long-term stability
for the sport. If anything, CART's action underscores the need for our new
league. The 80th Indianapolis 500, open to all competitors who choose to
run for racing's richest prize, will be run May 26, 1996.

"CART owners and competitors are not locked out of either the Indianapolis
500 or the Indy Racing League. All have been invited to participate. Our
intent was that the IRL could coexist with CART's current series of races --
which has never included the USAC-sanctioned Indianapolis 500. Whether by
its own rules changes or scheduling conflicts, CART has created an unhealthy
all-or-nothing choice for the racing community.

"The IRL was created for inclusion not exclusion -- and certainly not to be
in direct conflict with or to replace any series already in existence.
Toward that end, invitations to the 1996 Indianapolis 500 remain open to
those caught in the web of Monday's announcement."